Milei defended capitalism and destroyed socialism in his speech in Davos

Milei defended capitalism and destroyed socialism in his speech in Davos
President Javier Milei

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The Argentine president gave a masterful lecture in defense of capitalism before world leaders and businesspeople

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In another part of his address, the Argentine head of state mentioned some of his administration's achievements, highlighting in particular two macroeconomic indicators. He pointed to the sharp reduction in inflation and poverty, and he specifically mentioned the work of the Ministry of Deregulation, led by Federico Sturzenegger.

"Thanks to his cyclopean task (in reference to the minister) we've carried out 13,000 structural reforms. This is Make Argentina Great Again," he asserted. Likewise, he highlighted the work of the Ministry of Human Capital, headed by Sandra Pettovello.

Milei defended capitalism and destroyed socialism in his speech in Davos

Toward the end of his speech, Milei continued to underscore his critical stance toward traditional politics and he emphasized the role of capitalism in the improvement of global well-being.

Addressing politicians, and with reference to the development of artificial intelligence, he maintained that "politicians must stop bothering those who are making a better world (...) free-market capitalism doesn't undermine moral values, the dilemma between efficiency and fairness is false, markets are superior in terms of productivity and they are fair."

The Argentine president concluded his speech with a phrase that sought to close a cycle of thought: "Machiavelli is dead, it's time to bury him."


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President Javier Milei took part this Wednesday in the World Economic Forum in Davos, the global summit that brings together political, economic, and business leaders, where he delivered a speech focused on the defense of the ideas of freedom and a strong criticism of socialism.

From the international stage, Milei began his address with a forceful defense of what he called "the values of Western civilization" and he put forward a strong criticism of socialist policies, about which he maintained that "they had the same catastrophic results as always."

In that regard, as a recent example of the decline of those models, he mentioned what he described as "the nightmare that was experienced in the region because of Venezuela's terrorist narco-dictatorship."

The Argentine president used a good part of his presentation to contrast the virtues of capitalism with the negative effects of socialism. "Free-market capitalism is the only system that is fair, efficient, and the one that generates the highest growth rate," Milei stated, and he added that it is necessary to return to cultural and philosophical foundations that will save the West.

El presidente Javier Milei.
El presidente Javier Milei.

In this regard he said that it is imperative to return to "drawing inspiration from Greek philosophy, embracing Greco-Roman law, and returning to Judeo-Christian values that will make it possible to save the West."

In addition to these historical and cultural references, the president included in his speech a defense of essential rights, insisting on the importance of "defending the right to life and liberty." In this context, he explained that these rights are joined by "the right to property and the principle of non-aggression against another human being, which includes physical aggression or any threat of the use of force."

Milei went on to argue in favor of an ethical and moral approach to the economic system by stating that "the defense of the capitalist system must be based on its ethical and moral virtue." Next, he highlighted the relevance of businesspeople for economic development: "Without businesspeople there will be no production and the standard of living will be extremely precarious," he stressed.

El presidente Javier Milei.
El presidente Javier Milei.